Greenetrack sets up guarantee fund to assist Greene County Health System with payroll

Greenetrack

Pictured L to R: Greenetrack Boardmember Toice Goodson, Sr., Greenetrack
 CEO Luther ‘Nat’ Winn, Jr., GCHS boardmember John Zippert,  GCHS
boardmember Shirley Isaac  and Greenetrack Boardmember Jimmy Pasteur

At a press conference on Friday morning at Greenetrack, Greenetrack CEO, Luther ‘Nat’ Winn Jr. and several board members presented the Greene County Health System (GCHS) with two checks totaling $150,000. These funds will be used to establish a guarantee fund in the Merchants and Farmers Bank to insure that the GCHS can meet its bi-weekly payroll, even when payments from Medicaid, Medicare and other health payers are delayed. The GCHS has 200 full and part-time employees.

The Greene County Health System, which includes the Hospital, Residential Care Center (nursing home) Physicians Clinic, Home Health Services, Rehabilitation Services and other health care benefits was represented at the presentation by Board members – Shirley Isaac and John Zippert. GCHS board members thanked the officials of Greenetrack for their concern and support.
In early April, according to Elmore Patterson, GCHS CEO, the health system experienced some difficulties in meeting a payroll because its Medicaid payments were delayed until later in the month. GCHS board members and Medicaid itself made loans and advances to assure that the payroll was met.
Luther Winn Jr., CEO of Greenetrack learned of these problems and agreed to assist by placing funds in a guarantee account to assure that the payroll could be met on a timely basis.
Luther Winn, Jr., CEO of Greenetrack and a member of the Greene County Industrial Authority, felt compelled to step in and assist.  “Greenetrack is committed to the Greene County community. As in the past, we have done what we could to improve the quality of life for every resident here,” said Winn, “and we cannot afford to lose our hospital.”  Winn went on to say that the Industrial Authority actively seeks new businesses for the area and without a hospital, he fears that businesses definitely will not consider coming to Greene County.
Winn informed the GCHS that Greenetrack was receiving $75,641.07, mostly in coins, back from the State of Alabama, in connection with litigation concerning the first raid on Greenetrack in 2010. These funds were awarded back to Greenetrack by Special Circuit Judge Houston Brown, in a summary judgment on February 3, 2016, in a hearing in Greene County. The case also involves over 800 electronic bingo machines seized by the state in the same raid.
The coins were in Greenetrack’s vault but the State of Alabama, who seized them, could not prove that these funds were derived from illegal gambling activities and thus agreed to return them.
Greenetrack’s Board of Directors agreed to match the State’s funds with an additional $75,000 to create a $150,000 guarantee collateral fund in Merchant and Farmers Bank to back-up the GCHS’s payroll account. If the GCHS has to draw upon this account to support payroll, it will have to replace the funds before drawing on the account again. “This will insure that the GCHS’s employees will never miss a paycheck,” said Winn.
Shirley Isaac of Forkland and GCHS Board member said  “ We are grateful to Mr. Winn and Greenetrack for their support and confidence in the hospital, nursing home and other services. This will surely help us to meet our responsibilities to our hardworking and dedicated staff.”
John Zippert, another GCHS Board member said, “ We appreciate what Mr. Winn and Greenetrack have done to help the GCHS but it is up to us as citizens of Greene County to do our part and use the facilities, health personnel and services available at the hospital, residential care center and physicians clinic.”
“We have 20 beds in the hospital, 70 beds in the nursing home, 3 doctors and 2 nurse practitioners at the clinic, a full lab, new X-ray machine, women’s health center with mammography, physical, occupational and speech therapy services, home health services and many other health services at our facilities. There is no reason to go to Tuscaloosa, Demopolis or elsewhere for medical and health services unless you are referred by GCHS. If we don’t use our facilities and staff, we will surely lose them,” said Zippert.
Elmore Patterson, GCHS CEO said, “We welcome this support from Greenetrack. We hope that we will also secure some regular monthly funding from Sheriff Benison’s bingo rules which will help us meet the costs for serving so many people in the county who cannot afford healthcare and those with Medicare and Medicaid whose reimbursements do not meet the full cost of providing care.”

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